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Fly News Breaks for July 16, 2015
ACAT
Jul 16, 2015 | 09:13 EDT
Baird believes Arctic Cat may have risk to 2016 guidance following the firm's recent channel checks, which revealed soft demand and limited progress with the plan to reduce inventory. The firm said the stock could retest its recent lows as management needs time to build momentum behind a turnaround. Baird maintained its Outperform rating and $36 price target on Arctic Cat shares.
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